FTNT

Fortinet
D

FTNT

Arincen91/100B

Fortinet income statement 2006–2026

7.88B USD over the last twelve months, and 6.80B USD in fiscal year 2025.

Revenue Operating income Net income

Click a line's chart icon in the table to add it to the chart; hover over it for a quick look.

Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
7.88B6.80B5.96B5.30B4.42B3.34B2.59B2.16B1.80B1.49B1.28B
Revenue growth
+20.23%+14.17%+12.27%+20.09%+32.17%+28.82%+19.94%+19.86%+20.72%+17.21%+26.37%
Cost of revenue
1.60B1.30B1.16B1.24B1.08B783.00M570.00M505.90M450.40M385.30M337.80M
Gross profit
6.29B5.50B4.80B4.07B3.33B2.56B2.02B1.66B1.35B1.11B937.60M
Gross margin
79.75%80.84%80.56%76.68%75.44%76.57%78.03%76.61%75.04%74.23%73.51%
Research and development
857.40M815.50M716.80M613.80M512.40M424.20M341.40M277.10M244.50M210.60M183.10M
Selling, general and administrative
2.83B2.58B2.28B2.22B1.86B1.49B1.19B1.03B875.30M788.90M707.60M
Operating expenses
3.69B3.42B2.99B2.83B2.36B1.91B1.49B1.31B1.12B999.80M894.70M
2.60B2.08B1.80B1.24B969.60M650.40M531.80M351.00M234.40M109.80M42.90M
Operating income growth
+28.01%+15.45%+45.31%+28.00%+49.08%+22.30%+51.51%+49.74%+113.48%+155.94%+188.36%
Operating margin
32.98%30.62%30.28%23.40%21.95%19.46%20.50%16.23%12.99%7.35%3.36%
Interest income
141.10M162.30M155.20M119.70M17.40M4.50M17.70M42.50M26.50M13.50M7.30M
Interest expense
14.80M20.10M20.00M21.00M18.00M14.90M—————
Other non-operating income
183.40M210.50M225.70M50.50M-82.20M-29.60M9.90M35.00M19.90M14.20M200.00K
Pretax income
2.78B2.29B2.03B1.29B887.40M620.80M541.70M386.00M254.30M124.00M43.10M
Income tax
501.30M439.10M283.90M143.80M30.80M14.10M53.20M54.30M-80.60M92.60M10.90M
Effective tax rate
18.02%19.15%13.99%11.13%3.47%2.27%9.82%14.07%-31.69%74.68%25.29%
2.28B1.85B1.75B1.15B857.30M606.80M488.50M331.70M334.90M31.40M32.20M
Net income growth
+21.81%+6.20%+52.05%+33.89%+41.28%+24.22%+47.27%-0.96%+966.56%-2.48%+303.16%
Net margin
28.96%27.26%29.30%21.64%19.41%18.16%18.83%15.34%18.56%2.10%2.52%
Basic shares
738.00M743.10M764.40M778.60M791.40M816.00M821.00M855.00M845.50M871.58M863.00M
Diluted shares
743.68M764.60M771.90M788.20M805.30M835.50M838.50M875.00M871.00M890.40M881.50M
Change in diluted shares
-3.67%-0.95%-2.07%-2.12%-3.61%-0.36%-4.17%+0.46%-2.18%+1.01%+0.09%
EPS (basic)
3.102.442.281.471.080.740.600.390.390.040.04
EPS (diluted)
3.082.432.261.461.060.730.580.380.380.040.04
EPS growth
+26.75%+7.52%+54.79%+37.74%+45.21%+25.86%+52.63%0.00%+955.56%0.00%+260.00%
EBITDA
2.96B2.46B2.20B1.47B1.08B727.70M610.50M447.60M290.10M165.60M95.40M
EBITDA margin
37.53%36.25%36.96%27.67%24.40%21.77%23.53%20.69%16.08%11.08%7.48%
EBIT
2.80B2.31B2.08B1.35B973.50M643.30M541.70M386.00M234.40M110.10M46.90M

Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Figures underlined with dots are from the company's SEC filings, where our data provider's differ.

Common questions about Fortinet's income statement

Source: Financial Modeling PrepVerified against SEC filings